CHINA EMBARKS ON WHOLESALE REFORM OF AML/CFT LEGISLATION
October 2nd, 2021
While the rule of President Xi Jinping has not been known for its support of civil liberties in China, his administration has certainly taken proactive steps to fight organised crime. Initially its focus was on corruption, but now the regime is reforming its anti-money laundering (AML) legislation.
The work is ongoing. As of September 17, China’s National People’s Congress Standing Committee (NPCSC), which directs much of the assembly’s work, still has a revision to the 2007 Anti–Money Laundering Law on its 2021 agenda as one of 10 “preparatory ...
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